/NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, IN THE UNITED
STATES/
MONTREAL, Jan. 25, 2017 /CNW/ - MONARQUES GOLD
CORPORATION ("Monarques" or the "Corporation") (TSX-V: MQR) (FRANKFURT: MR7) is pleased to announce that at the
Monarques Annual General and Special Meeting of Shareholders held on January 25, 2017, in Montreal (the "Meeting"), shareholders voted a majority of shares for the election of directors
nominated in the proxy circular filed by the Corporation on December 28, 2016, namely Jean-Marc
Lacoste, Michel Baril, Guy Bourassa, Michel Bouchard and Christian Pichette.
The scrutineers' report by Computershare Investor Services Inc. confirmed that 100 shareholders and/or proxyholders were
present at the Meeting, for 73,649,352 common shares represented personally or by proxy, or 57.14% of the issued and outstanding
common shares of Monarques. The scrutineers' report confirmed that a quorum was present and that the Meeting was duly
constituted.
Of the 73,649,352 common shares voted, 100% voted in favour of the election of directors, and 99.93% were voted in favour of
the appointment of KPMG LLP as external auditor.
ABOUT MONARQUES GOLD CORPORATION
Monarques Gold is a growing junior gold company focused on becoming the leading explorer and developer of gold properties in
the Val-d'Or/Abitibi gold camp in Quebec, Canada. The
Corporation currently has approximately 200 km² of gold exploration properties (see
map) along the Cadillac Break; plus its main asset, the Croinor Gold mine, which has great potential to become a producing
mine. Monarques Gold is well financed and has close to $9 million in credits from Quebec's
Ministry of Energy and Natural Resources.
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Forward-Looking Statements
The forward-looking statements in this press release involve known and unknown risks, uncertainties and other factors that may
cause Monarques' actual results, performance and achievements to be materially different from the results, performance or
achievements expressed or implied therein. Neither TSX Venture Exchange nor its Regulation Services. Provider (as that term is
defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this press
release.
SOURCE Monarques Gold Corporation
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